...- Following our review, we raised our ratings on the class B, C1, and C2 notes. - At the same time, we affirmed our rating on the class A notes. - Sestante Finance series 2 is an Italian RMBS transaction, which closed in December 2004. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) Dec. 22, 2022--S&P Global Ratings today raised its credit ratings on Sestante Finance S.r.l.'s series 2's class B notes to 'A+ (sf)' from 'A- (sf)', C1 notes to '##+ (sf)' from 'B+ (sf)', C2 notes to '##+ (sf)' from 'B (sf)'. At the same time, we have affirmed our 'A+ (sf)' rating on the class A notes. Today's rating actions follow our credit and cash flow analysis of the most recent transaction information that we have received, as of the October 2022 payment date. The available credit enhancement for class A and B notes has increased since our previous full review (see "Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And...
